Economists doubt China stimulus report

BEIJING: A Chinese newspaper report that a government support plan for new industries may be the equivalent of 2008’s 4 trillion yuan (US$586bil) stimulus package drew a sceptical response from economists.

China Business referred yesterday to the “next” 4 trillion yuan of investment, saying that plans for nine sectors, developed by the National Development and Reform Commission (NDRC), could be released by August. The Beijing-based newspaper cited “reliable information.”